Mawer Investment Management Ltd. Increases Stock Position in Colliers International Group Inc (NASDAQ:CIGI)

Mawer Investment Management Ltd. grew its position in Colliers International Group Inc (NASDAQ:CIGI) (TSE:CIGI) by 14.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,754 shares of the financial services provider’s stock after purchasing an additional 66,720 shares during the period. Mawer Investment Management Ltd. owned about 1.36% of Colliers International Group worth $37,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new stake in Colliers International Group during the second quarter worth about $39,000. Assenagon Asset Management S.A. purchased a new stake in Colliers International Group during the first quarter worth about $206,000. Wetherby Asset Management Inc. purchased a new stake in Colliers International Group during the first quarter worth about $223,000. Signition LP purchased a new stake in Colliers International Group during the first quarter worth about $240,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Colliers International Group during the first quarter worth about $322,000. Institutional investors own 68.18% of the company’s stock.

NASDAQ:CIGI traded down $0.90 on Friday, reaching $66.40. 20,849 shares of the company’s stock were exchanged, compared to its average volume of 62,271. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 27.10 and a beta of 1.54. Colliers International Group Inc has a 52 week low of $52.01 and a 52 week high of $84.20. The stock has a fifty day simple moving average of $72.06 and a 200-day simple moving average of $67.77.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.23). The business had revenue of $745.50 million for the quarter, compared to the consensus estimate of $750.85 million. Colliers International Group had a return on equity of 23.99% and a net margin of 3.15%. Colliers International Group’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, sell-side analysts predict that Colliers International Group Inc will post 2.88 EPS for the current year.

A number of analysts recently issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Colliers International Group from $87.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Raymond James set a $85.00 price objective on shares of Colliers International Group and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BidaskClub upgraded shares of Colliers International Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 17th. BMO Capital Markets set a $81.00 target price on shares of Colliers International Group and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of Colliers International Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.33.

Colliers International Group Profile

Colliers International Group Inc provides commercial real estate services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, Asia, Australasia, and internationally. The company offers sales brokerage services, which include purchases and sales, debt placement, equity capital raising, market value opinions, acquisition advisory, and transaction management services; and lease brokerage services comprising landlord and tenant representation services.

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Institutional Ownership by Quarter for Colliers International Group (NASDAQ:CIGI)

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